Iran: Winche And Capstan Market 2024

Winche And Capstan Market Size in Iran

In 2021, the Iranian winche and capstan market decreased by -9.4% to $X, falling for the seventh consecutive year after three years of growth. Over the period under review, consumption showed a deep contraction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Winche And Capstan Exports

Exports from Iran

Winche and capstan exports from Iran skyrocketed to X units in 2021, with an increase of 66% against the previous year's figure. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,236%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, winche and capstan exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,382%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Turkey (X units), Italy (X units) and Azerbaijan (X units) were the main destinations of winche and capstan exports from Iran, together accounting for 94% of total exports.

From 2012 to 2021, the biggest increases were recorded for Azerbaijan (with a CAGR of +62.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Turkey ($X) and Azerbaijan ($X) constituted the largest markets for winche and capstan exported from Iran worldwide, with a combined 96% share of total exports.

Among the main countries of destination, Azerbaijan, with a CAGR of +70.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average winche and capstan export price amounted to $X per unit, growing by 16% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 78% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Winche And Capstan Imports

Imports into Iran

For the fifth consecutive year, Iran recorded decline in purchases abroad of winches and capstans, which decreased by -16.1% to X units in 2021. Over the period under review, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2013 with an increase of 37%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, winche and capstan imports declined slightly to $X in 2021. Overall, imports saw a deep slump. The pace of growth was the most pronounced in 2013 when imports increased by 70% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest winche and capstan supplier to Iran, accounting for a 27% share of total imports. Moreover, winche and capstan imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. Bulgaria (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-12.2% per year) and Bulgaria (-21.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of winches and capstans to Iran, comprising 44% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by China, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-22.1% per year) and China (-10.3% per year).

Import Prices by Country

In 2021, the average winche and capstan import price amounted to $X per unit, picking up by 17% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, winche and capstan import price increased by +108.1% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 37%. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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